Well-established Nationally Branded Hardware Store

Well-established nationally branded hardware store in a growing region of South Texas. Location: San Patricio County, Texas Year Established: 2013 Number of Employees: 6 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 7,000 Rent: $2,800.00 Per Month Lease Expiration: 12/31/2023 Facilities: The business operates out of a leased storefront located on a main thoroughfare. It has been in this location since 2013, and the current lease runs through the end of 2023. There is a five-year extension option in this lease. There is additional space adjacent to the current location that is available for expansion. Market Outlook/ Competition: This area of Texas is experiencing rapid growth which is projected to continue for several years.. The hardware store has established a strong reputation for excellent customer service and product knowledge. A significant opportunity exists for growth into lumber and associated products by expanding into the adjacent space. The market for lumber and associated products is currently not well-served. Growth & Expansion: The business is in a county that has attracted $30B USD in capital investment over the past eight years, most of which is in the petrochemical industry. These jobs are bringing in a younger, more affluent population. The current average age in the county is 37.6 years old, with a median household income of almost $75,000. The community is a 30 minute drive from a major coastal city.